SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike Perras who wrote (146)1/17/1999 10:12:00 PM
From: JParker  Read Replies (1) of 611
 
Wow, I had not thought of that. The only exclusions that I have made in my trading history is the Tobacco companies. I don't want to profit from a company whose products have no benefit to the customers other than the ending of withdrawal symptoms. I have had no problems investing in companies that have just had layoffs, perhaps because I have survived a number of layoffs in a company where that was the only choice for survival.

The gambling machine analogy comes more from the idea of wanting to have made a positive contribution during my time on the planet and my feeling that while the gambling machines aren't the worst thing, perhaps I could make a more positive contribution elsewhere.

I have always thought about investing in a positive sense in that as an investor I feel I profit from choosing quality companies which gains stock value as the company grows sales and profits. As I understand day trading, the focus is more on determining the most likely short term price direction and reacting accordingly. Doesn't this have less to do with recognizing quality and instead predicting market psychology? In other words, do day traders provide a useful service and is this a profession in which to be proud? Or is that found elsewhere?

JP
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News